THE FREEDOM TO CHOOSE PROJECT (EIN 272521943) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

FORREST LEICHTBERG

Phone

8053236543

Tax Period

2024-01-01 to 2024-12-31

THE FREEDOM TO CHOOSE PROJECT, founded in 2010, is a small nonprofit in the Crime & Legal sector that reported $843K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

THE FREEDOM TO CHOOSE PROJECT EMPOWERS INCARCERATED INDIVIDUALS TO TRANSFORM THEIR LIVES THROUGH A TRAUMA-INFORMED, EXPERIENTIAL CURRICULUM FOCUSED ON EMOTIONAL HEALING, PERSONAL RESPONSIBILITY, AND EFFECTIVE COMMUNICATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $806,984

Program Service Revenue $0

Investment Income $23,839

Other Revenue $11,961

TOTAL REVENUE $842,784

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $670,709

Fundraising Expenses $48,409

Program Expenses $747,204

Other Expenses $202,854

TOTAL EXPENSES $881,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,784	$693,369	+0.2%
Expenses	$881,885	$651,780	+0.4%
Net Income	$-39,101	$41,589	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$132,510

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE PAUL PHD	DIRECTOR & SECRETARY	20.00	Officer Director	$0	$0	$0
LELAND KEEL	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID PAUL MD PHD	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHAEL LATTIMORE	DIRECTOR	5.00	Director	$0	$0	$0
FRAN LEWBEL	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL BALDWIN	DIRECTOR	0.00	Director	$0	$0	$0
MOLLY REID	DIRECTOR	5.00	Director	$0	$0	$0
KIRK SOUDER	DIRECTOR	5.00	Director	$0	$0	$0
KAREN PETERSON	DIRECTOR	10.00	Director	$0	$0	$0
KIM CULMONE	DIRECTOR	5.00	Director	$0	$0	$0
FORREST LEICHTBERG	EXECUTIVE DIRECTOR	40.00	Officer	$132,510	$0	$132,510

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$842,784	$881,885	$1,163,070	$-39,101
2023	$751,146	$649,772	$1,051,170	$101,374
2023	$693,369	$651,780	$980,694	$41,589
2022	$549,554	$431,508	$721,760	$118,046
2022	$549,035	$431,508	$721,660	$117,527
2021	$599,355	$428,422	$615,341	$170,933
2020	$334,421	$321,351	$454,991	$13,070
2019	$459,730	$274,440	$419,861	$185,290
2018	$235,774	$185,415	$236,114	$50,359

THE FREEDOM TO CHOOSE PROJECT